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XRP price drops 49% despite $1 trillion moved on XRP Ledger and growing network use.

Market News
06 Oct 2026
Coinpaper
View Source
Bearish
XRP price drops 49% despite $1 trillion moved on XRP Ledger and growing network use.

XRP's price has fallen about 49% from a year ago, trading near $1.50, even as the XRP Ledger (XRPL) has processed over $1 trillion in value and billions of transactions. The network is expanding beyond payments, with institutions using it for tokenized assets and stablecoins, and new credit products are being developed. However, increased XRPL activity hasn't boosted XRP demand proportionally because tokenized assets and stablecoins can operate without requiring large XRP purchases. The disconnect means XRPL growth hasn't yet translated into higher XRP prices, but future deeper liquidity or transaction demand could change that.

XRP is trading at Rp26.861 on Pluang as of Oct 06, 2026 16:51 WIB, showing a slight 0.63% decrease over the past day. The market cap stands at Rp1.694,03 trillion, indicating significant value despite the price drop mentioned in the article. Pluang users show a balanced interest with 54% buying and 46% selling, holding their positions for an average of 71 days.

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